EUROPE This is certainly the assertions by the German weekly “Der Spiegel”, which says s’ press sources close to the government of conservative Chancellor …
A real turning point. Angela Merkel is willing to let Greece leave the eurozone if the radical left jeopardize the fiscal austerity policy in this country, said Saturday the online edition of the magazine Spiegel .
“The German government considers almost inevitable outlet (Greece) in the euro area, if the opposition leader Alexis Tsipras (Syriza radical left) heads the government after the elections (parliamentary) abandon fiscal discipline line and no longer reimburse debts of the country, “says the website of the weekly, based on” sources close to the German government “
& gt;. & gt; Read all understand the new crisis in Greece
Angela Merkel and Finance Minister Wolfgang Schäuble (both conservatives) have changed their minds and now they “deem bearable an output of countries single currency because of the progress made by the euro area since the peak of the crisis in 2012, “says Spiegel Online, also on the basis of these sources.
More really contagion risk
“The risk of contagion to other countries is limited as Portugal and Ireland are considered remediated. Moreover, the ESM (European Stability Mechanism) provides a powerful bailout mechanism and banking union provides security for credit institutions “would still have entrusted these sources.
Within the government, first reaction to the Spiegel came from the Secretary of the Social Democratic State for European Affairs, Michael Roth. “Greece is a member of the eurozone. And must remain so. Avoid causing, by word, political and economic consequences that would be unwelcome, “he has said on his Twitter account.
The Greek parliament announced Wednesday its dissolution and confirmed the organization on January 25 early parliamentary elections in which the radical left, Syriza, is given favorite in the polls. The leader of Syriza, Alexis Tsipras, wants to end the austerity policies imposed on the country by its international creditors (the EU Troika, ECB and IMF) in exchange for some 240 billion euros in loans. He also wants to negotiate a new restructuring of the public debt beating down the Greek economy.
Warning Signs
Monday Wolfgang Schaeuble ruled that Greece was required to continue the path of reforms already under way, “no alternative”, regardless of the outcome of future elections.
Two days later, an official Merkel’s CDU Conservatives believed in helping interview financially Athens was no longer a necessity today, citing a possible exit from the country in the euro zone. “There is more potential for blackmail. Greece does not represent a systemic risk to the euro “, added the official, Michael Fuchs, deputy chairman of the CDU in the Bundestag.
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